SingTel refutes claim of A$713m tax avoidance
Others also lambast report claiming over A$80b in foregone tax from ASX 200
Add BT as a preferred source
Michelle Quah
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE Telecommunications (SingTel) has hit back at a report claiming that the telco had dodged more than A$700 million in taxes due to the Australian government.
The Singapore telecommunications giant says the report wrongly applied the Australian corporate tax rate of 30 per cent to its entire group profits, not all of which are liable for Australian tax.
Others have since come out to denounce the report, which has garnered much attention and was widely reported Down Under.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
